Information and Organization: A New Perspective on the Theory of the Firm

Front Cover
Clarendon Press, 1997 - Business & Economics - 314 pages
0 Reviews
Information and Organization offers a vision of the economy as a system of structured information flow, counterbalancing the more conventional view of a simple flow of material goods. The structuring is effected by institutions and, in particular, by firms, which specialize in processing the information needed to allocate resources. In place of the orthodox emphasis on the adversarial use of asymmetric information, the book stresses the use of information for creative purposes--for decision-taking and co-ordinating the use of resources. Mark Casson's `new perspective' has grown out of fifteen years of having to modify the conventional theory to make it work properly. The discussion is rigorous, confronting rather than evading issues; and it develops a new diagrammatic technique to chart information flow. For all this, the book is written in accessible language and will be a solid foundation for future research efforts by scholars and graduate students in management studies, business and economic history, and instutional economics.

From inside the book

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

Information Cost and Economic Organization
3
The Process of Coordination
35
The Nature of the Firm
76
Copyright

12 other sections not shown

Other editions - View all

Common terms and phrases

About the author (1997)

Mark Casson, Professor of Economics, University of Reading.

Bibliographic information